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ACQUISITION: French firm pays $360-M for Gemcom

Velizy-villacoublay, France – Dassault Systemes, that calls itself the world leader in 3-D design, 3-D digital mock up and product lifecycle management solutions, has announced its intention to acquire geological modelling and simulation...



Velizy-villacoublay, France – Dassault Systemes, that calls itself the world leader in 3-D design, 3-D digital mock up and product lifecycle management solutions, has announced its intention to acquire geological modelling and simulation company Gemcom Software International of Vancouver. The deal values the private Canadian company at US$360 million.

“With the acquisition of Gemcom, coupled with our 3-D Experience platform capabilities, our objective is to model and simulate our planet, improving predictability, efficiency, safety and sustainability within the natural resources industry and beyond,” said Bernard Charles, president and CEO of Dassault. “To support this ambitious goal, we have created a new brand, GEOVIA.”

”This acquisition will clearly benefit Gemcom’s customer base, bringing global support and enterprise collaboration. Advanced technologies in 3-D modelling and simulation will not only enable engineers and geologists to model and visualize resources but also improve sustainable mine productivity,” said Rick Moignard, president and CEO of Gemcom. “We believe that with Dassault Systemes’ support we will be able to address global issues for our customers as a real partner. None of our competitors can match that in this industry.”

Moignard will be the new CEO of GEOVIA. Gemcom management and employees will remain in place to continue serving the mining industry.

For more information, please see 3ds.com or GemcomSoftware.com.


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